10107. First National Bank (Campbell, MO)

View Charter #6885 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
6885
Charter Number
6885
Start Date
November 19, 1930
Location
Campbell, Missouri (36.493, -90.075)

Metadata

Model
gpt-5-mini
Short Digest
206c8dd7

Response Measures

None

Receivership Details

Depositor recovery rate
16.0%
Date receivership started
1930-11-24
Date receivership terminated
1937-04-30
OCC cause of failure
Economic conditions
Share of assets assessed as good
45.8%
Share of assets assessed as doubtful
52.1%
Share of assets assessed as worthless
2.1%

Description

Articles (Nov 21, 1930) report the First National Bank of Campbell failed to open its doors and that the bank was closed by its Board [of] Directors. The published statement showed no surplus and large liabilities, indicating bank-specific insolvency rather than a depositor run. No reopening is mentioned. Date inferred: Wednesday Nov 19, 1930 (article published Nov 21 and refers to Wednesday). OCR errors in articles corrected (e.g., failed open -> failed to open).

Events (3)
1. July 15, 1903 Chartered
Source
historical_nic
2. November 19, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Board closed the bank; published September statement showed no surplus and substantial liabilities, indicating insolvency/poor condition rather than rumor-driven panic.
Newspaper Excerpt
First National Bank Campbell failed to open its doors Wednesday morning... The bank was capitalized for $40,000, but according to its last published statement ... had no surplus.
Source
newspapers
3. November 24, 1930 Receivership
Source
historical_nic

Newspaper Articles (2)
1. November 21, 1930 Paragould Soliphone Paragould, AR
Article from Paragould Soliphone, November 21, 1930

Click image to open full size in new tab

Article Text

National Bank at Campbell, Missouri Fails to Open Kennett, Mo., Nov. First National Bank Campbell failed open its doors Wednesday morning. The bank was capitalized for $40.000, but according to its last published statement Sept. of this year. had no surplus. The statement showed undivided profits and other items in its liabilities were: Circulating notes, $7,500: due to banks and bankers, demand deposits. time deposits, payable, $50,000; other liabilities, making total of The principal item in its lists of according the published September, included loans of Dr. Cone Campbell was president: vice Woods, cashier This the second bank to be closed in this county this month. The Bank of closed Nov. 10.

2. November 21, 1930 The Daily Dunklin Democrat Kennett, MO
Article from The Daily Dunklin Democrat, November 21, 1930

Click image to open full size in new tab

Article Text

Nat'l Bank at Campbell Closed Other Bank There Receives Assurance From Its Correspondents. First National Bank Campbell failed open its doors Wednesday when the public greeted with this the door the bank November 1930 NOTICE bank closed by its Board Directors and placed the hands the National BankPresident Cashier The bank capitalized but according last published statement September of this year. had surplus The statement showed undivided profits $423.59 other liabilities ing notes. Due Bank and Demand deposits, Time Depos Bills payable making total principal items in lists according the published statements Banking house and fixtures, Real owned other than banking and from bankers other items total Cone Campbell president bank Wood signing statement Rice and This the second bank to closed in this county this month the Bank Senath closing vember The First State Bank which John Ponder cashier. Wednesday from corresponde banks in and to call upon them should threaten However. that day deposits more than equalled withdrawals and no uneasiness shown by depositors of that bank. NOTICE TO MAILERS Outgoing mail must be mailed cach day Big mailers and the business houses requested and urged to deposit their outgoing mail early Mailing should begin noi later than three-thirty each ternoon large amount of mail being deposited around five o'clock, cannot all be sent it takes much time to separate and prepare the mail for dispatch. To be assured of your mail being dispatched deposit between the hours and The cal postal force trying to the most efficient but do must have the co-operation those deposit mail in large